Rbi moves have helped India markets to gain around 35% from the recent lows. The cuts in the CRR, Repo rate and the SLR have bought the investors back in the markets. The stability in the global markets has also led to the revival in the sentiment. Yesterday Sensex opened with a strong note and closed above 10,000 mark for the first time in last 2 months. Sensex saw a sharp recovery of 5.6% or 550 points. Good recovery seen in the Reality Index and the banking Index. FII's were net buyers of Rs. 365 Crs.Technically Nifty has taken a good support at the trendline. Yes it closed below the trendline for 2 days, but the smart recovery was seen after that. Nifty has also bounced back from the oversold zone.
No comments:
Post a Comment